padiyaraa

Amara Raja Batteries:702, A consolidation phase is yet to finish

NSE:AMARAJABAT   AMARA RAJA BATTERI
391 5 24
Amara Raja Batteries:702 A consolidation phase is yet to finish (may be arround 630 range). Hope that the earlier the best. It is a good stock to be invest in for long term from the current level. Indicators are oversold and continue to be bearish .
Assumes that we are in wave c of the correction wave 4,
doesn't seems to be completed yet. A Fibonacci retracement
38.2% of wave 3 is achieved and a normal target for wave 4,
which is also equal to a=c having a confluence. wave 4
can correct to 50% even, which make it an extended wave c.
Anyhow on completion of wave C we are going to see a
new bull run for the wave 5.
Comment: A hypothetical view on expected trajectory line.
But just don’t rely on it blindly :D
snapshot
Comment: Not touching the Bottom TL
with some variance for the actual projectile it is moving up.
snapshot
Comment: @kbmj welcome :D
similar one from me. :)
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padiyaraa abalamurugan
@abalamurugan, nice to see that.
Thank you
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Awesome Padiyaraa Sir ... :)
Reply
@kbmj welcome
Reply
Agreed. Though Fib E 1.13 @ 679.85 also good level to Reverse.
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